Sunday, 15th December 2024
To guardian.ng
Search
Breaking News:

ICPC, FIRS partner to curb tax evasion, generate N1.9tr from public sector

By Matthew Ogune, Abuja
20 April 2024   |   3:36 am
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has teamed up with the Federal Inland Revenue Service (FIRS) to curb tax evasion and meet up with the FIRS projected N1.9 trillion tax from the public sector.
Independent Corrupt Practices and other Related Offences Commission (ICPC)

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has teamed up with the Federal Inland Revenue Service (FIRS) to curb tax evasion and meet up with the FIRS projected N1.9 trillion tax from the public sector.

ICPC Chairman, Dr. Musa Aliyu Adamu, at the signing of the Memorandum of Understanding (MOU) in Abuja, gave assurance that the commission would assist the FIRS in tackling cases of tax evasion and financial crimes in the revenue generating sectors of the country.

The ICPC chairman emphasised the importance of strategic partnership in the fight against corruption. He stated: “Corruption erodes the fabric of society and hinders economic development. By partnering with FIRS, we can more effectively investigate and prosecute cases of corruption involving tax evasion and other financial crimes.”

The Chairman of FIRS, Dr. Zacch Adedeji, said the MOU is a working agreement between the two agencies. He highlighted the role of tax compliance in building a more equitable society.

“Tax evasion deprives the government of much-needed revenue that could be used for public services. Through this partnership, we aim to ensure that everyone pays their fair share of taxes,” he said.

Under the MOU, the two agencies will establish a joint task force to coordinate their efforts and share information on cases of mutual interest. They will also conduct joint training programmes to enhance the skills of their staff in investigating financial crimes and detecting tax evasion. 

0 Comments